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As luxury manufacturers continue to shift from licensing models to in- house possession, they are focusing on elegance. The industry’s highest margins in this category does help rearrange and enhance a manufacturer’s reputation. Yet, bringing a charm business in- home is not without difficulties.
It can be challenging to craft a strong product information across all stations, for instance, if a fashion and beauty crew does not collaborate well. Moreover, elegance is a highly aggressive and crammed field, making it challenging to construct a loyal consumer base. However, when done properly, it can be a prominent instrument for luxury brands to increase. Puig is an example of a business that properly merged a fashion and beauty enterprise and experienced significant growth.